Today's Picks: December 13, 2016

Nifty, Bank Nifty, BPCL, HCL Tech, Asian Paints

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Devangshu Datta
Last Updated : Dec 13 2016 | 3:12 AM IST
Nifty

Current: 8171 (fut: 8183) Target: NA
Stop-loss long positions at 8,120. 
Stop-loss short positions at 8,255. Big moves could go till 8,050, 8,300. A long 8,100p (72), short 8,000p (48) could gain 10-15 if 8,100 is hit.

Bank Nifty

Current: 18,393   (futures: 18,425) 
Target: NA  
Stop-loss short positions at 18,530. 
Stop long positions at 18,320. Big moves could go till 18,075, 18,775. Downtrend likely to continue. 

BPCL

Current price: Rs 612 

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Target price: Rs 600
Keep a stop at Rs 618 and go short. Add to the position between Rs 603 and Rs 606. Book profits at Rs 600.

HCL Tech

Current: Rs 800   
Target: Rs 787
Keep a stop at Rs 808 and go short. Add 
to the position between Rs 790 and Rs 792. Book profits at Rs 787. 

Asian Paints

Current: Rs 910
Target: Rs 890
Keep a stop at Rs 920 and go short. Add to the position between Rs 895 and Rs 900. Book profits at Rs 890.  Target prices, projected movements in terms of next session, unless otherwise stated

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First Published: Dec 13 2016 | 2:54 AM IST

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